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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 48,532 $ 141,258
Restricted cash 3,603 4,929
Accounts receivable, net 50,995 34,548
Inventory 215,672 135,473
Prepaid expenses and other current assets 52,929 36,660
Assets held for sale, current 0 20,560
Total current assets 371,731 373,428
Fixed assets, net 298,112 201,749
Finance lease right-of-use assets 66,301 44,081
Operating lease right-of use assets 92,502 53,557
Intangible assets, net 12,241 11,827
Deferred taxes assets 10,975 2,498
Other assets 3,338 2,245
TOTAL ASSETS 855,200 689,385
Current liabilities    
Accounts payable 41,373 20,997
Accrued expenses 87,642 81,711
Finance lease liability-current 2,320 1,363
Operating lease liability-current 25,588 9,012
Current portion of long-term debt, net 18,245 13,911
Obligations under inventory financing agreement, net 162,096 117,939
Derivative commodity liability 3,357 242
Liabilities held for sale, current 0 3,424
        Total current liabilities 340,621 248,599
Long-term debt, net 123,653 170,010
Finance lease liability-long-term 67,290 45,164
Operating lease liability-long-term 66,914 44,545
Deferred tax liabilities 0 0
Derivative warrant liability 13,855 14,270
Other liabilities 1,377 1,377
Total liabilities 613,710 523,965
COMMITMENTS AND CONTINGENCIES (Note 4) 0 0
STOCKHOLDERS' EQUITY    
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 93,236,563 and 75,668,826 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively. 93 76
Additional paid-in capital 381,776 279,552
Accumulated deficit (143,431) (115,893)
Total Vertex Energy, Inc. stockholders' equity 238,438 163,735
Non-controlling interest 3,052 1,685
Total equity 241,490 165,420
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 855,200 $ 689,385